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China – leading import market of textile and garment materials

[Wednesday, 2-7-2018]

Vietnam imported nearly US$ 5.42 billion worth of textile and garment materials in 2017, increased slightly by 7.1 per cent over the year of 2016, showed the statistics figures of the General Department of Customs.
In 2017, China was the country’s biggest import markets of textile and garment materials with the import value of nearly $ 2.05 billion, up by 9.7 per cent year – on – year. Meanwhile, the imports from South Korea reached $ 753.27 million, down by 4.7 per cent; from Taiwan - $ 482.81 million, up by 3 per cent; and from the U.S - $ 356.02 million, up by 23.4 per cent.
Last year, the country’s imports of textile, garment, leather and footwear materials from EU reached $ 312.63 million, up by 6.4 per cent year – on – year and accounted for 5.8 per cent of the total, while the imports from the South East Asian countries reached $ 308.26 million, up by 10.8 per cent.
In 2017, the country’s imports of textile, garment, leather and footwear materials from Argentina increased by 41.4 per cent to $ 41.47 million; from Indonesia – up by 34.1 per cent to $ 47.62 million; from Austria – up by 28.1 per cent to $ 1.6 million; and from the U.S – up by 23.4 per cent to $ 356.02 million.
Meanwhile, the imports from Canada, New Zealand, Australia and the Netherlands decreased by 26.4 per cent; 22.4 per cent; 21.9 per cent and 21.4 per cent, respectively year – on – year.
Vietnam’s imports of textile, garment, leather and footwear materials in 2017 - Unit: US$ - source: the General Department of Customs